Jobless claims in U.S. increase a more-than-expected 397,000 last week

March 10, 2011

Washington, D.C. -- A report released Thursday by the U.S. Labor Department showed that jobless claims in the United States rose by 26,000 for the week ended March 5, to 397,000.

Economists expected claims would climb to 376,000, according to a Bloomberg News survey. The total number of people receiving benefits in the prior week fell to the lowest since October 2008.

A Labor Department official told Bloomberg that claims generally rise the week after a federal holiday and some New England states reported more claims due to school holidays. Presidents’ Day was Feb. 21.

Solutions Spotlight

Your network connection is more than just a means of connecting your point-of-sale system – it’s a driving force of your online and in-store experiences. And when it’s not working, your revenues, customers and even your brand reputation suffer. This webinar explores the ways you can prepare your network for the holiday rush.

Trending Stores

A store transformed — that’s how Target refers to its Baton Rouge East (Louisiana) store which has re-opened its doors after sustaining massive damage from the floods that devastated the area in August.More...